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Non-Resident Single-Home Owners to Keep 1.2 Billion Won Threshold After U-Turn on Tax Changes The government has finalized its tax reform plan, dropping most of the additional property tax burdens it previously planned to impose on non-resident single-home owners. SBS Sep 2, 2026 6:09 AM

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Morning Wide: Today's Major News 1. 1.2 Billion Won Deduction Maintained for Non-Resident Single-Home Owners..."Cannot Always Be Perfect" The government has decided to maintain the current 1.2 billion won comprehensive real estate holding tax deduction for non-resident single-home owners, while keeping the ceiling on the year-over-year tax increase at 150%. SBS Sep 2, 2026 6:07 AM

"Nepal's Mega Floods Not an Isolated Incident"... South America's Andes Also Face Glacier Collapse Fears Experts have warned that as global warming accelerates the melting of the Andean ice sheet, three South American nations—Argentina, Chile, and Peru—are left defenselessly exposed to the risks of destructive floods and landslides. SBS Sep 2, 2026 6:01 AM

Iran Media: U.S. Airstrike on Wedding Venue Leaves 4 Dead and Over 50 Injured airstrike in southern Iran hit a private residence where a wedding was taking place, resulting in massive civilian casualties, Iran's state-run IRNA news agency reported on the 1st local time. SBS Sep 2, 2026 6:00 AM

Wall Street Stocks Fall Across the Board Amid Middle East Tensions, Oil Price Surge, and Bond Sell-off stock indices closed lower across the board on the 1st due to concerns over inflation sparked by renewed military engagement between the U.S. SBS Sep 2, 2026 5:58 AM

Venezuelan Parliament Approves US-Venezuela Oil Agreement According to foreign media outlets including Reuters, the parliament, controlled by the ruling party, passed the bilateral oil agreement in a vote held that day, which grants the United States access to one-fifth of Venezuela's oil reserves. SBS Sep 2, 2026 5:57 AM

Civil Servant Confesses to Murdering Wife Who Fled Due to Divorce Proceedings A reportedly stated regarding his motive, "After recently receiving the divorce papers, I harbored a grudge thinking that I would face unfavorable outcomes in overall matters, including alimony, division of property, custody, and child support." A is suspected of stabbing and killing his wife, B, with a weapon on the stairs of a multi-family housing building in Gwangju, Gyeonggi Province, at 7:17 a.m. SBS Sep 2, 2026 5:50 AM

Rain and Showers Nationwide… Highs Reaching Up to 33°C Rain is expected in various parts of the country today, Wednesday . Rain will continue until the morning in the southern inland areas of Gangwon Province, Chungcheong Province, and western Jeonbuk Province, while scattered raindrops are expected in Seoul, Incheon, and southern Gyeonggi Province. SBS Sep 2, 2026 5:33 AM

ROK Disaster Relief Team Departs for Nepal to Aid Search Operations According to the Ministry of Foreign Affairs, a Republic of Korea Air Force KC-330 Cygnus multi-role tanker transport carrying the KDRT members took off from Seoul Air Base in Seongnam, Gyeonggi Province, at around midnight today and headed to Kathmandu, Nepal. SBS Sep 2, 2026 5:11 AM

Jeju Middle School Student Booked for Illegally Filming Teacher During Field Trip The Jeju Dongbu Police Station announced yesterday that it has booked and is investigating a middle school student, referred to as A, on charges of violating the Act on Special Cases Concerning the Punishment, etc. SBS Sep 2, 2026 5:02 AM